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Sydney's CBD parking among world's most costly

Sydney's Central Business District has been ranked as one of the priciest places in the world to park a car, outranking Manhattan, Zurich and almost every city in the Asia Pacific, a new survey has found.

world Updated: Jul 07, 2009 12:47 IST

Sydney's Central Business District has been ranked as one of the priciest places in the world to park a car, outranking Manhattan, Zurich and almost every city in the Asia Pacific, a new survey has found.

According to Colliers International's annual parking rate survey, average cost of parking a car in Sydney's CBD is Aus 733 dollar a month, making it the fifth most expensive city in the world, AAP reported today.

The only more expensive city in the Asia Pacific for parking is Hong Kong, where the average price is $ 748 (Aus 939 dollar).

However, parking price in Sydney are expected to sore even higher from this month.

The survey was carried out before NSW government increased its parking space levy by dollar 87 a month on July 1 and found the City of London was the most expensive location to park a car in the world on a monthly basis at a average cost of $ 1020 (Aus 1281 dollar), followed by London's West End at $ 955 (Aus 1199 dollar) a month and Amsterdam at $ 805 (Aus 1011 dollar).